NISM 10B Investment Adviser Level 2 Notes

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  • Compulsory Acquisition: Special provisions for computing gains and exemptions.
  • Capital Loss: Can be set off or carried forward based on gain type.
  • Section 47: Lists transactions not treated as transfers, e.g., gifts.
  • Business Trust Units: Taxed similarly to listed equity shares.
  • Demerger: No capital gains on share allotment in demerged company.

NISM 10B NISM Investment Adviser Level 2

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